AGP Executive Report
Last update: 3 hours agoRBA Hike: The Reserve Bank lifted the cash rate 25 basis points to 4.85%, an 18-year high and its fifth increase this year. The 6–3 vote reflects concern that broad-based inflation will stay elevated into 2027; further rises remain possible. Borrower Pressure: The move adds about $119 a month to repayments on an average new owner-occupier loan, as housing prices fall for a seventh straight month and banks warn of a deeper slowdown. Markets: Australian shares edged higher after the decision, with financial stocks gaining; the Australian dollar slipped. Renewables Finance: Neoen secured $1.8 billion from 13 lenders, including ANZ, NAB and Westpac, to finance five Australian wind, solar and battery assets totalling 1.2 gigawatts.
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